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As state and local governments are charged with funding 3/4ths of the country's infrastructure, the catastrophic wildfires in Los Angeles highlight even more the municipal bond market's vital role in keeping the U.S. competitive globally and maintaining the heart of fiscal federalism at home.
January 27 -
The municipal dealer community supports market transparency. The proposal before Congress, however, is poorly conceived, has few if any market supporters, and has the potential to be very expensive.
October 17 -
For more than 80 years, soliciting investors has been recognized by federal securities regulators as broker-dealer activity, so the SEC’s action on municipal advisors breaks significant new ground. It also sets a dangerous precedent.
October 2 -
The Fed’s new program, however, will not be enough to negate the serious financial consequences that are likely to befall some local governments as they begin to feel the full effects of shutting down the economy. Both the Fed and Congress need to do more.
April 27 -
Recent research suggests regulators on a global basis are overestimating the risks of infrastructure-related debt.
May 17
